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PureBytes Links
Trading Reference Links
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I missed that link too. I'm agnostic when it comes to Fib. It does seem
retracements come as often as not in 1/3 1/2 2/3 1/4 3/4 etc. Draw any line and
it gives you a reference point to judge how good a job price is doing in getting
where it wants to go. The most rigorous study I read demonstrated that pivots
(previous market hi's lows etc) that I use a lot and fib (which I dont) had no
greater expectancy of a retracement point than an arbitary set of random numbers
based on primes. I think the important point is a trader needs consistant terms
of reference to make consistant trading decisions. You need to be consistant to
win. jUst a thought
Cheers,
Nick.
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Kent
Rollins
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, July 17, 2002 3:39
PM
Subject: Re: [RT] Re:
I either missed the URL you posted or forgot what was
there. How aboutreposting it.Kent----- Original
Message -----From: "Adrian Pitt" <<A
href="mailto:apitt@xxxxxxxxxxxxx";>apitt@xxxxxxxxxxxxx>To: <<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx>Sent:
Wednesday, July 17, 2002 5:50 AMSubject: RE: [RT]
Re:Kent,Some people simply don't wish to believe no matter
how much FACT ispresentedTo them. You fall into this camp..and
its your choice to close yourmind.You need to read some of my others
posts. Did you ever look at the URLISent out to the EWA3 site? I
would bet not. But then again you don'twish yourBelief system
tampered with by factual research. Research far
morecomprehensiveThan Clyde's (not denigrating your work Clyde *s*)
and far morepertinent becauseIt analysed the Fib work in relation to
strict mathematical wave counts.It showedConclusive PROOF. But
hey....Don and I are happy to be sellers whereyou will beA buyer and
make a bank account transfer :-)Let it be also said of course, that to
trade profitably you don't needto use or evenKnow about Fibo numbers.
They are just another in a long line ofinteresting
tools.AdrianTo
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